Reserve Bank of Australia Christopher Kent, Assistant Governor (Financial Markets)

  • progress is being made on lowering unemployment and rising inflation, but itse gradual
  • have begun to see wage growth in Australia pick up
  • (on Q3 GDP) its only one quarter, but its puzzling why consumption so weak
  • despite saying next rate move is likely to be up it does not rule out a cut if its needed
  • central forecast for the global economy is still fairly positive
  • risk that credit supply tightens unnecessarily
  • it is a concern that banks seem to have tightened lending to small business

Kent is speaking now at a Bloomberg event

Earlier: